Economy
Sezad invites US business community to invest in Duqm

A delegation from The Special Economic Zone Authority of Duqm (Sezad) led by HE Yahya bin Saeed Al Jabri met with representatives of 50 American companies and senior US officials
The meetings held in the US Chamber of Commerce and the Department of Commerce and the American-Arab Chamber of Commerce highlighted the investment opportunities in Duqm and the incentives offered by Sezad to investors.
Al Jabri welcomed US investments, stressing that the authority will provide various facilities needed by US companies to invest in Duqm. He praised the good relations between the Sultanate and the United States and the efforts of the two countries to further develop them. In various fields, especially in the economic areas, he pointed out that the free trade agreement (FTA) between the Sultanate and the United States was signed in 2006.
Steve Lutes, Vice President for Middle East Affairs at the US Chamber of Commerce, expressed his desire to strengthen relations between the Sultanate and the United States and to establish economic partnerships between American and Omani companies.
The meeting was attended by Hunaina Bint Sultan Al Mughairiya, the Sultanate’s ambassador to the US.
The American Chamber of Commerce is looking forward to organising a visit to Duqm for American companies to learn more about the region and the projects being implemented there.
Seward L. Jones, Deputy Assistant Secretary of Commerce, said that the ministry encourages American companies to invest in Duqm and establish strong relations with the business community in the Sultanate.
David Short, deputy assistant secretary of aviation and international affairs at the US Department of Transportation, highlighted the relationship between the United States and the Sultanate. He called on the companies attending the meeting organised by the US-Arab Chamber of Commerce to invest in Duqm.
He pointed out that there are many factors that support the strategic partnership between the Sultanate and the United States such as the FTA between the two countries and the open skies agreement, stressing that the infrastructure projects in Duqm are a long-term investment by the Omani people.
The promotional campaign in Washington and Houston has evoked great interest from American companies and the American business community, which stressed the need to strengthen the economic relations between the two countries.
-
Banking & Finance5 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
OER Magazines1 month ago
OER, May 2025
-
Bahrain4 days ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Renewables2 months ago
Sembcorp’s 588MW Solar Power Plant In Oman Begins Commercial Operation
You must be logged in to post a comment Login